Help Save & Exit Submit Check my work QS 12-8 Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets. At December 31 Accumulated depreciation-Furniture (115,200) Furniture Current Year $145,500 (93,200) Prior Year $ 202,500 The current year income statement reports depreciation expense on furniture of $22,500. During the year, furniture costing $57,000 was sold for its book value on December 31, Current Year. Complete the general ledger accounts to calculate cash received from the sale of furniture. Furniture 202,500 Beg. bal 57,000 End, bal. 145,500 Accumulated Depreciation Beg. bal. Sale of assets End, bal. 0 Furniture 202,500 Beg. bal. 57,000 End. bal. 145,500 Accumulated Depreciation Beg. bal. Sale of assets End. bal. 0 Cost Accumulated depreciation Book value (Cash received) $ 0